Summary
BONUSES
BANKS being propped up by taxpayers are poised to defy public fury and pay staff bonuses of almost Pounds 4billion.See the full content of this document
Extract
Fury Over Pounds 4bn Bonuses at the Bailed-Out Banks
The payouts will cover their work last year, when the financial system was dragged to the brink of collapse by bank risk-taking and greed.
The decisions will pile pressure on Alistair Darling to send a clear message that the party is over.The U.S. had already ordered a cap on executive pay, France is banning bonuses at banks which receive public money and Switzerland is cutting payouts by 80 per cent.Yet the Chancellor's response yeste...See the full content of this document
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